Christine Lagarde will be returned as the Managing Director of the International Monetary Fund, IMF.
“One candidate, current Managing Director Christine Lagarde, has been nominated,” reads a statement by the IMF executive board confirming of a second five-year term for IMF chief Christine Lagarde last Thursday.
Lagarde’s new term begins in July, five years after she was first named to head the IMF in July 2011. Lagarde, 60, also has received numerous expressions of support from officials in Europe and Latin America.
The former French finance minister, is expected to be formally named the next managing director by early March.
In 2011, she easily won a contest with several developing country candidates to take over the IMF as Europe was sinking deep into economic crisis.
